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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

Montana Republican Gov. Greg Gianforte reported more than $23 million in income over four years ending in 2022 as the former technology executive seeks reelection to a second term

Delhi Airport operated by the GMR group has become the first airport in India to successfully achieve Net Zero Carbon Emission Airport status Level 5 certification under the Airport Council International’s (ACI) Airport Carbon Accreditation (ACA) programme. This prestigious certification recognizes the airport's commitment to reaching and maintaining a net zero carbon balance for emissions under its control (Scope 1 and 2), while also extending efforts to influence and report on all other emissions (Scope 3). Delhi Airport's remarkable achievement of Level 5 certification underscores its leadership in sustainability and carbon management. The airport had initially set an ambitious goal to become a “Net Zero Carbon Emission Airport” by 2030. Through relentless efforts, innovative strategies, and proactive initiatives such as the adoption of renewable energy, development of green airport infrastructures, promotion of electric vehicles, and implementation of zero waste to landfill programs, DIAL has met its target well ahead of schedule.

The pan-European STOXX 600 closed 0.5% higher, with all the major regional bourses also ending in positive territory.

By Murtaza Haider and Stephen Moranis

Alphabet slid and as signs of moderating inflation kept bets alive that the U.S. Federal Reserve would begin its policy easing cycle next month, albeit with a smaller rate cut. The Google-parent dropped 3.6% after a media report said the U.S. Department of Justice is considering options that include breaking up the online search engine.

Starbucks Corp. CEO Brian Niccol is a star executive who is widely considered the best in the business. Quite frankly, it’s surprising the company was able to hire him. Despite the coffee giant being one off the world’s most iconic and powerful brands, Starbucks has a problem for any incoming CEO. And that problem is named Howard Schultz. As Starbucks’ longtime CEO who became synonymous with the company he all but founded, Schultz can’t seem to let go. He’s twice boomeranged back into the top job when the company hit turbulence. And since he departed from the board a year ago, he has become a meddler — criticizing his successor Laxman Narasimhan and the board in a LinkedIn post and on a podcast, even though he handpicked Narasimhan, trained him and set an aggressive growth plan on his way out the door.

Indian embassy here on Wednesday advised its citizens, including students, residing in Bryansk, Belgorod, and Kursk regions of Russia to relocate temporarily to safer places, citing recent «security incidents» in these areas following the intensification of the Russia-Ukraine war. The security advisory was issued hours after Russia's Belgorod border region declared an emergency under heavy shelling by Ukrainian forces that are pressing a major cross-border incursion into the adjacent Kursk region for a second week. An emergency was declared in Kursk last Saturday after Ukrainian forces on August 6 launched an incursion into the region, marking a significant escalation in the ongoing Russia-Ukraine war, with both sides reporting casualties and territorial gains. «In view of the recent security incidents in Bryansk, Belgorod and Kursk regions, Indian nationals are advised to take necessary precautions and temporarily relocate outside these regions,» the Indian embassy said.

Glenmark Pharma net profit doubled to Rs 340 crore crore in Q1FY25 led by robust sales growth in India and Europe and reduction in finance, depreciation and ammortisation costs. The drugmaker reported Rs 173 crore net profit in the corresponding quarter of the previous year.

U.S. stocks rose to one of their best days of the year as Wall Street relaxed after the first of several highly anticipated reports on the economy this week came in better than expected

Wholesale price increases in the United States eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month

A reporter at a small Wyoming newspaper has resigned after a competitor discovered he was using artificial intelligence to write stories and fabricate quotes, including some by the governor

Maine utility regulators have unanimously rejected an electric utility’s proposal to proactively report high consumption that signals an illicit marijuana growing operation to law enforcement officials

Bahnsen Group managing partner David Bahnsen analyzes the Feds plan to reduce inflation on Varney & Co.

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

German prosecutors have issued a first arrest warrant in their investigation into the undersea explosions in 2022 that damaged the Nord Stream gas pipelines between Russia and Germany, according to a media report

Vice President Kamala Harris is trying to outmaneuver former President Donald Trump and address old vulnerabilities on her policy positions as she starts to fill in how she would govern if elected in November

A German federal court has suspended a ban the government imposed last month on a far-right magazine

Wall Street is holding relatively steady after the latest update on inflation came in almost exactly as economists expected

SpiceJet on Wednesday reported a 20% per cent drop in consolidated profit for the April-June quarter, as a financial crunch took a toll on its operations. The carrier's profit came at Rs 158.75 crore in Q1 FY25 as against Rs 197.58 crore in the year-ago period.